Why now is the time to get a card that earns rewards for groceries
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Lately, I am home more than ever. The pandemic has significantly shifted my habits, as I have cut back on everything from travel to going out for meals.
With this change, I am finding myself cooking more meals at home, meaning I’m prioritizing always having a full pantry. However, more meals at home equals higher grocery bills, thanks, in part, to rising food costs.
According to the Department of Agriculture, food prices increased by 3.6% between 2020 and 2021.
Realizing these higher-than-average food costs are unlikely to come down as the pandemic continues, I’ve started reevaluating my credit card strategy.
Up until now, I had rarely focused on my grocery purchases, but that is about to change. If you are like me and want to pay more attention to grocery store spending in the new year, these are the credit cards to consider adding to your wallet.
Best credit cards to earn grocery bonuses
While this card is a great option for earning grocery bonuses, if you find that your grocery bills are quite high, you may be better off choosing The Amex EveryDay® Preferred Credit Card from American Express, which charges a $95 annual fee. This card earns 3 points per dollar spent at U.S. supermarkets, with the same $6,000 cap (then 1 point per dollar spent). Plus, you’ll receive 50% more points on purchases if you swipe your card at least 30 times in a single billing period.
Without the 20% and 50% bonus taken into consideration, the break even point between the two cards (after factoring in the annual fee) is $4,750.
The information for the Amex EveryDay has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Amazon Prime Rewards Visa Signature Card
For anyone who loves Whole Foods or prefers ordering groceries online through Amazon, there’s the Amazon Prime Rewards Visa Signature Card, which can save cardholders a boatload of money. When you use this card at Whole Foods or on Amazon.com (non-grocery orders included), you’ll earn 5% cash back. Additionally, you’ll receive 2% cash back at restaurants, gas stations and drugstores.
An added bonus is that when you use this card for Amazon purchases and those made at other stores, you’ll receive purchase protection. With this service, you’ll be covered if a product is damaged or stolen within the first 120 days of your purchase as long as the claim is no more than $500 and your account’s claim totals do not exceed $50,000 in that calendar year.
While this card doesn’t charge an annual fee, know that an Amazon Prime membership, which currently costs $119 a year, is required.
Related: Amazon Prime Rewards review
The information for the Amazon Prime Rewards Visa Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
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TPG'S BONUS VALUATION*: $1,600
CARD HIGHLIGHTS: 3X points on dining and 2x points on travel, points transferrable to over a dozen travel partners
*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.
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